Brief: Grammer FY Operating EBIT Up At EUR 77.0 Mln

GRAMMER AG

30/03/2020 08:13

March 30 (Reuters) - GRAMMER AG  GMMG.DE :
    * FY OPERATING EBIT 77 MILLION EUR
    * FY REVENUE ROSE 9.5 PERCENT TO 2.038 BILLION EUR
    * FY PROFIT AFTER TAX 43.5 MILLION EUR
    * DUE TO EFFECTS OF GLOBAL COVID-19 PANDEMIC, FORECAST FOR
FINANCIAL YEAR 2020 HAS BEEN SUSPENDED
    * EXECUTIVE BOARD OF GRAMMER AG HAS INFORMED SUPERVISORY
BOARD
DURING LAST MEETING ABOUT ITS DECISION, TO WAIVE ALL ITS BONUS
PAYMENTS FOR YEARS 2019 AND 2020
    * NO GUIDANCE POSSIBLE FOR FINANCIAL YEAR 2020
    * TO WAIVE ALL ITS BONUS PAYMENTS FOR YEARS 2019 AND 2020 IN
ORDER
TO MAKE A FINANCIAL CONTRIBUTION IN CURRENT SITUATION

Source text for Eikon:  ID:nEQbg07tCa 
Further company coverage:   GMMG.DE 

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